WMT - Walmart Inc.
| Previous Close | 120.65 |
| Open | 120.68 |
| Bid | 118.75 x 800 |
| Ask | 118.83 x 1000 |
| Day's Range | 118.38 - 121.00 |
| 52 Week Range | 85.78 - 125.38 |
| Volume | 9,531,474 |
| Avg. Volume | 5,366,149 |
| Market Cap | 338.1B |
| Beta (3Y Monthly) | 0.41 |
| PE Ratio (TTM) | 26.88 |
| EPS (TTM) | 4.42 |
| Earnings Date | Nov 14, 2019 |
| Forward Dividend & Yield | 2.12 (1.76%) |
| Ex-Dividend Date | 2019-12-05 |
| 1y Target Est | 126.68 |
- MarketWatch
Walmart’s stock is now outperforming Amazon’s — here’s how it happened
Walmart has beaten Amazon. • For the period shown on the chart, Amazon stock is up 15.55%, the Dow Jones Industrial Average is up 18.8% and Walmart stock is up 27.65%. • Earlier this year, many investors were having difficulty understanding why Walmart stock was in our Model Portfolio and Amazon stock was not.
- Barrons.com
Walmart Might Be Pricey, but There’s Lots of Growth Ahead
Investors have grown a little nervous over the retail giant’s rich valuation. While that’s a reasonable fear, the company, with its e-commerce initiatives, still has a lot of growing ahead of it.
- Zacks
Macy's Q3 Earnings Preview: Is the Department Store's Decline Set to Continue?
Macy's and other department stores have not been able to find success or inspire much Wall Street confidence. Can it turn things around in Q3?
- Investor's Business Daily
Major Stock Indexes Hit Record Highs On China Trade Optimism; Apple Hits Profit Zone
The major stock indexes hit record highs Friday on the back of U.S.-China trade optimism. Disney fell sharply for a second straight day.
- Investor's Business Daily
Dow Jones Hits Highs As Disney, Applied Materials, RH, Datadog Soar; Walmart, Cisco Fall: Weekly Review
The major indexes hit fresh highs this week. Disney spiked on Disney+ users. RH got a Warren Buffett boost. Applied Materials, Datadog soared on earnings. Walmart and Cisco fell on results.
- Zacks
Can Retail's Rally Hold Up In Next Week's Wave Of Reports?
Retailers' performance over the last 2.5 months is a sign of positive market sentiment reentering the space. This sentiment will be tested next week when a wave of retail results hits the market.
- Zacks
What Ails Macy's (M) and the Other Department Store Stocks?
What Ails Macy's (M) and the Other Department Store Stocks?
- Reuters
U.S. companies say consumer still strong even as broader outlook dims
Walmart became the latest company to point to a strong U.S. consumer, adding to a raft of firms in recent weeks citing healthy demand at a time when spending is seen as an increasingly key support for the economy. Several companies, including banks and homebuilders, have painted an upbeat picture of consumer health in conference calls this reporting season, even as many firms have offered more dour outlooks, especially given the lingering U.S.-China trade war. Consumer spending, which accounts for more than two-thirds of the economy, has been mostly resilient.
- Reuters
UPDATE 1-U.S. companies say consumer still strong even as broader outlook dims
Walmart became the latest company to point to a strong U.S. consumer, adding to a raft of firms in recent weeks citing healthy demand at a time when spending is seen as an increasingly key support for the economy. Consumer spending, which accounts for more than two-thirds of the economy, has been mostly resilient. A report on Friday showed U.S. retail sales rebounded in October, even though consumers cut back on big-ticket purchases.
- TheStreet.com
Jim Cramer: Retail Stocks Are Turning Everything Upside Down
The herd is thundering, thundering toward the retail stocks that have been blown out of the joint by recession fears and it's driving a lot of folks crazy. The stock of Macy's is flying, but suddenly Walmart's stock can't get out of its own way, even as it just reported an amazing quarter. The stock of Kohl's has been on a tear at the same time that Costco's stock seems toppy.
- Benzinga
PreMarket Prep Recap: Breaking Down The Reaction To Walmart And Nvidia Earnings
Before the open on Thursday, Walmart (NYSE: WMT) announced an EPS beat along with a slight sales miss. The company raised 2020 EPS guidance. Off the open on Thursday, the issue gobbled up the institutional sellers at $125, raced to $125.38 and sharply reversed course.
- Benzinga
Roku Analyst Breaks Down What Black Friday Deals Mean For The Stock
Roku Inc (NASDAQ: ROKU ) has released its lineup of Black Friday sales and deals , creating the potential for strong fourth-quarter account additions, according to Bank of America Merrill Lynch. The Analyst ...
- MarketWatch
Walmart names Kathryn McLay to Sam's Club CEO role
Walmart Inc. announced in a Friday filing that Kathryn McLay will assume the role of Sam's Club chief executive, effective today. According to the filing, McLay's base salary will be $780,000, and she will be eligible for a cash incentive and other additional pay. She has served as executive vice president of Walmart U.S. Neighborhood Markets since February 2019. McLay succeeds John Furner, who was named chief executive of Walmart U.S. after Greg Foran's departure. Walmart stock is up 28.3% for the year to date while the Dow Jones Industrial Average has gained 19.6% for the period.
- MarketWatch
Retail sales rebound, but consumers tighten the reins before the holiday season
Sales at gas stations, car dealers and internet stores such as Amazon rose in October, but most other retailers posted weak results just before the start of the holiday shopping season. Retail sales increased 0.3% last month.
- American City Business Journals
This young Orlando manufacturing exec wants to build something epic
This year, the firm launched seven new products that have become top sellers in the direct-to-consumer market, helping drive the company's $25 million in annual revenue.
- Zacks
Walmart Beats on Earnings, Raises View: ETFs in Focus
Walmart topped earnings estimates but fell shy of the consensus mark for revenues. Additionally, the company raised full-year forecast.
- Benzinga
Driving Higher: Market Keeps Hanging In, On Pace For Another Record-Setting Week
On the earnings side, the pendulum also swung for Nvidia Corporation (NASDAQ: NVDA). The stock fluctuated between gains and losses in futures trading after the chipmaker beat analysts’ Q3 earnings and revenue estimates but issued Q4 revenue guidance slightly below Street views. Investors don’t seem to know right away what to make of its results, judging by the stock moves.
- Zacks
Costco Gains More Than 50% YTD: Solid Comps Run a Key Driver
Costco's (COST) October comps rise 5.7%. Further, e-commerce comparable sales increase 16.5%.
- Benzinga
Walmart Earnings Praised By Analysts, But Some Question What's Next
Walmart Inc (NYSE: WMT) reported third-quarter results highlighted by a 41% growth in e-commerce sales, an overall earnings beat but miss on the revenue line. KeyBanc Capital Markets analyst Edward Yruma maintains an Overweight rating on Walmart's stock with a price target lifted from $128 to $138. UBS analyst Michael Lasser maintains at Neutral, price target lifted from $115 to $125.
- Zacks
Kroger, Ocado to Open Sixth Fulfillment Center in Wisconsin
Kroger (KR) partners with Ocado for the second time to open another CFC in Wisconsin. The move will facilitate faster grocery delivery and enhance omnichannel strategies.
- Zacks
Dillard's (DDS) Stock Rises 14% as Q3 Earnings Beat Estimates
Dillard's (DDS) reports better-than-expected earnings results in third-quarter fiscal 2019 on sequentially improved retail gross margin and comps, with lower inventory level.
- Investor's Business Daily
Retail Sales Are Mixed In October; Dow Jones Futures Hold Gain
Retail sales rose more than expected in October, but came in soft outside of the auto sector, somewhat undercutting the picture of a strong consumer.
- Bloomberg
California May Be the Best and Only Hope for Democrats
(Bloomberg Opinion) -- Democratic senators from states won by President Donald Trump in 2016 have vowed not to end the legislative filibuster, making it unlikely the party will be able to accomplish much even if it wins back the White House and Senate next year. That gives added weight to what California is doing as it continues to pass legislation that can ripple across the nation. Democrats may discover that using California as a vehicle for a their agenda nationwide may be their best hope of getting anything done.Showing how hard it will be to pass progressive legislation in the next Congress isn't difficult. For one, Trump -- at this point -- stands a fair chance of winning re-election. But even if Democrats win the White House, they will have an uphill climb in the Senate. They need to flip three seats to gain control, and that's assuming they don't lose any of their own, including Doug Jones in deep-red Alabama. At best, Democrats could flip seats in Arizona, Colorado, North Carolina and Maine, plus perhaps a surprise hold in Alabama or a flip in challenging states like Iowa, Georgia or Texas. That would bring them to 50 or 51 seats. But Democrats would still be hamstrung by the legislative filibuster, as well as the voting tendencies of senators from West Virginia and Montana who probably would oppose grand agenda items like Medicare for All or the Green New Deal.Once that reality sets in for progressives, they'll be looking for an outlet to channel the energy now focused on the presidential campaigns of Vermont Senator Bernie Sanders and Massachusetts Senator Elizabeth Warren. The California legislature would be a good place to start.California is important not just because Democrats have supermajorities in the state legislature, or because it's a state with a huge economy, but because corporations and businesses are increasingly national or global in scope. If businesses feel compelled to play by progressive rules in California, they may decide to operate their businesses the same way everywhere. A recent example is California's passage of a law allowing college athletes to get paid for the use of their name, image and likeness. If a small state like Delaware had passed such a law, maybe the National Collegiate Athletic Association, which sets rules for student athletes, could strike back or even ignore it. But California is too large a market for that. Fearing that California universities would have a leg up in recruiting student athletes, other states started introducing similar legislation. Under growing pressure, the NCAA is taking steps to address the issue. Essentially, a California law is changing conditions for college athletes nationwide.Higher minimum wages and the corporate response to them are another area with nationwide ripples. In April 2016, California adopted a law that would raise the state's minimum wage to $15 an hour by 2022. Some other states have followed suit. In theory, companies could pick and choose how they operate in different states based on state-specific minimum wage laws. But in response, some large companies have increased their minimum wage levels nationwide. Walmart, for instance, raised its pay floor to $11 an hour in January 2018 -- 10 days after California's minimum wage rose to the same level.Some retailers have responded to California's higher pay scale by stepping up efforts to install self-checkout machines and save on labor costs. But not just in California. For example, in Georgia, where I live, retailers have been installing the machines even though the state hasn't increased its minimum wage of $5.15 an hour in more than 15 years. For large corporations, it makes sense to install them everywhere -- not just in one state -- to streamline operations.Perhaps a preview of the bigger fights to come can be found in California's efforts to set vehicle emissions standards that are tougher than national requirements. Here, a similar logic for companies applies. If automakers want to sell in California -- and most do -- it makes more sense to build vehicles that all comply with state regulations rather than producing lower-emission one for California and higher-emission one for the rest of the country. It's unclear how courts will rule on this and similar fights between California and the federal government, but we should expect more of these standoffs in the years to come, particularly if Trump wins re-election.In a way, progressives would be adopting the same tactics that China used when it put pressure on the National Basketball Association, threatening to limit the league's business opportunities in the country after a Houston Rockets team official made comments supporting Hong Kong's protesters. In a global economy, market size and power tend to dictate cultural and political power. Although progressives are unlikely to get much of what they want in Washington in 2021 or beyond, regardless of the election outcome there's untapped potential for them in California.To contact the author of this story: Conor Sen at csen9@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Conor Sen is a Bloomberg Opinion columnist. He is a portfolio manager for New River Investments in Atlanta and has been a contributor to the Atlantic and Business Insider.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- MarketWatch
Walmart’s e-commerce business needs to go beyond grocery despite 41% quarterly growth, analysts say
Walmart’s e-commerce business got a boost from grocery, but it needs sell more non-food items online, analysts say.
- American City Business Journals
Walmart shoppers can now use Apple's Siri to order groceries
Walmart has expanded its online grocery voice ordering feature to Apple’s virtual assistant Siri. Customers can ask Siri to add items directly to their Walmart online grocery cart after they’ve paired their accounts. The service is available on iPhone, iPad, Apple Watch, Mac, HomePod or in the car with CarPlay.
